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Monthly Report of World News and Analysis

Each month, analysts from Power Systems Research working around the world identify and comment on significant industry news items in the company’s free monthly newsletter, PowerTALK News.

PowerTALK™, June 2023

Commercial vehicles are in the news this month. Japan is looking at a major merger of truck OEMs, Cummins is delivering a Hydrogen fuel cell truck, Brazil has announced incentives for MHVs and KCMG says it will produce EV trucks in Brazil. Read these reports and more in the June issue of PowerTALK News.

IN THIS ISSUE
  • Alternative Power:
    • Electric Vehicles and The H2 Battle to be Included in the Family
    • New Battery Recycling Center Will Have A Big Impact On Europe
  • Global: Electric Scooter Market Could Reach $56B in 2033
  • North America: CARB Is Phasing Out Heavy Trucks
  • DataPoint: North American Off-Highway Trucks
  • Brazil/South America:
    • Brazil Announces Incentives for MHV and LV
    • XCMG To Produce EV Trucks in Brazil in Two Years
  • Japan: Hino Motors and Mitsubishi Fuso To Merge
  • South Korea: Hyundai Motor and LG Energy To Build Battery Plant in U.S.
  • Indonesia:  Indonesia Plans To Become Major Player in Car Industry
  • China: Cummins Accelera Delivers Hydrogen Fuel Cell Truck
  • India: Suzuki Moves Aggressively To Regain India Market Share

PowerTALK™, May 2023

Read about Show Reports in Europe and South America in the May issue of PowerTALK Report. In this issue, you’ll also find a global forecast for inboard marine engines, Kia’s plans for tailored EVs and Weichai’s plans to join forces with BYD to jointly produce batteries.

IN THIS ISSUE
  • Alternative Power:
    • Caterpillar and NMG Join Forces
    • Volkswagen Plans Its Largest Battery Factory In Canada
    • Cummins To Invest $1 Billion in Hydrogen Network
    • Japan’s Love of Hydrogen Power Could Lead To Failure
  • Global: Marine Inboard Market Forecast: US$4.45B
  • North America: EPA Releases Phase Three GHG Standards
  • DataPoint: North American Lawn Mowers
  • Brazil/South America:
    • Show Report: Agrishow 2023
    • Show Report: Automec Special
  • Europe: Show Report: Hannover Messe 2023
  • Japan: Hitachi Plans Remote Excavator
  • South Korea: Kia Plans Customer Specific EVs
  • Thailand:  China To Build EV Plant in Thailand
  • China: Weichai, BYD To Jointly Produce Batteries
  • India: Rural Areas Play Vital Role in EV Adoption

PowerTALK™, April 2023

The April 2023 issue of PowerTALK News features the Q1 2023 Truck Production Index. The report shows that the 2022 Index climbed 2.9%, but declined in Q1 2023. The report also has articles on Alternative Power and the global forecast for personal watercraft.

IN THIS ISSUE
  • Alternative Power:
    • Global ICE Industry Cliff Is Here
    • Top Construction OEM Hierarchy Changes
    • Compact Track Loaders Grab Skid Steer Market
    • Diesel Technology Achieves Peak Efficiency
  • Global:
    • 2022 Truck Production Index Gains 2.9%
    • 2030 Global PWC Market Could Hit $3 Billion
  • DataPoint: North America ATVs
  • Brazil/South America:
    • Volvo Tests Renewable LNG Truck
    • Vale Increases Use of BE Locomotives
    • Biodiesel Mix Increase Begins in April
    • Scania, Mercedes Reduce Production Shifts
  • Europe: Group Beneteau Forecasts 10% Growth in 2023
  • Japan: Honda Plans Personal Electric Motorcycles
  • Vietnam: Vingroup To Enter EV Cab Market
  • China: Beiqi Foton Motors, Cummins Set Joint Investment
  • India: LNG May Be Fuel for Long-Haul Trucking

PowerTALK™, March 2023

IN THIS ISSUE

CONEXPO 2023 held this month in Las Vegas is the largest construction equipment show in the world. It covered more than 3 million square feet and more than 2,400 exhibitors demonstrated new products from nearly 140,000 attendees from around the world. Power Systems Research analysts walked the five-day show talking with exhibitors and attendees and reviewing new products. Read our report in this issue of PowerTALK.

  • Alternative Power
    • Subway To Add EV Charging Stations
    • Lithium-Air Battery Could Offer Longer Range
    • Has Battery Recycling Arrived Too Soon?
    • Nikola Plans Hydrogen Fuel Network
  • Global:
    • CONEXPO Shows Hydrogen, Electric Prototypes
    • EV Boat Market To Grow by 12%
  • NA: Cummins Hydrogen Engine Update
  • DataPoint: NA Harvesters
  • Brazil/South America:
    • WEG Building Plant for EV Batteries in Brazil
    • Fras-le Acquires Juratek in UK
  • Europe: RR Power Systems Posts Record Year
  • Japan: Hitachi Construction Raises Prices
  • China: Komatsu To Cut China Production by 40%
  • India: Hyundai To Purchase GM Plant

PowerTALK™, February 2023

In This Issue

Read in the February 2023 issue of PowerTALK News about the 240 ton EV mining truck than can charge in 30 minutes. At the same time, Volvo unveils an electric mixer truck and Japanese OEMs push to develop battery production in North America.

  • Alternative Power
    • • 240 Ton Electric Mining Truck Charges in 30 Minutes
    • • Study Shows Plug-in Hybrids Dirtier Than We Thought
    • • From Diesel to DC
    • • Volvo Unveils Electric Concrete Mixer Truck
  • Global: MC Market Grows 5.48%
  • N. America: Charging Infrastructure Blocks Adoption for BEV’s
  • DataPoint: Dumpers/Tenders
  • Brazil/S. America:
    • • Hitech Electric To Produce 100% EV LCVs
    • • Hyundai Keeps Gamma Engine in Units for Colombia
    • • Legislation for AG Tractors Cabin in Brazil Has Changes
    • • January Truck Production in Brazil drops 72%
  • Europe: Deutz, Daimler Align
  • China: Adoption of New Energy Commercial Vehicles Pushed
  • Japan: OEMs Seek Battery Production Channel in NA
  • South Korea: Hyundai To Start Operations at Plant in Vietnam
  • SE Asia: Kubota Seeks Manpower
  • India: Budget Focuses on Capex

PowerTALK™, January 2023

Manufacturers are increasing their efforts to develop hydrogen as a power source for vehicles and stationary power equipment at the same time that they continue to develop batteries that are lighter and that can be charged faster.

In This Issue
  • Alternative Power
    • • Are Hydrogen Engines in the Future?
    • • Growth of Hydrogen Internal Combustion engines (H-ICE)
    • • JCB Reaches Hydrogen Milestone
    • • Hyster Begins Pilot of Hydrogen Fuel Cell Powered Container Handler
  • North America: U.S. Economy Faces Problems
  • DataPoint: NA Combines
  • Brazil/South America
    • • Brazil Pushes Truck Renewal Program
    • • First Synthetic Fuel Neutral CO2 Started
    • • FPT Developing Ethanol or Biomethane Engine
  • Europe: Cost Increases Cause Losses at HanseYacht
  • China: CNH To Halt Sales of Construction Machinery
  • Japan: METI Sets 2030 Goal for EV Trucks
  • South Korea: Hyundai Plans $14.7 Billion for Software
  • Southeast Asia: EV Purchase Subsidies Planned
  • India: Bets Placed on Green Hydrogen

PowerTALK™, December 2022

IN THIS ISSUE

Lots of news on Alternative Power issues in the December edition of PowerTALK News from Guy Youngs and other analysts at Power Systems Research. In addition to Guy Young’s report on alternative power, don’t miss John Krezsicki’s podcast about Michigan University’s Solar Car research program, Tesla’s Lithium refinery project in Texas and Chris Fisher’s report on M&A activity in the Light/Medium EV segment. PSR

  • Alternative Power
    • Are There Enough Materials For Needed EVs?
    • Redwood To Supply Cathode Materials To Panasonic
    • Tesla Lithium Refinery Project Advances in Texas
    • Here’s What Container Ships Could Look Like by 2050
  • DataPoint: Terminal Tractors
  • North America:
    • More Acquisitions in Light/Medium EV Segment
    • U.S. Powersports Industry Grows in 2021
    • PSR Podcast: Michigan Solar Car Program  
  • Europe: Solaris Buses Purchases 25 Fuel Cell Engines
  • Brazil/South America:
    • Royal Enfield Starts Assembly Plant in Brazil
    • BorgWarner To Produce Vehicle Batteries in Brazil
    • John Deere Plans Construction Equipment Plant
  • China: 2023 EV Sales To Grow To 8.4 Million Units
  • Japan: Honda To Produce FCVs in the U.S.
  • South Korea: SK To Expand Supplies To Hyundai’s U.S. Plant
  • India: CV Production Nears Pre-covid Levels

PowerTALK™, November 2022

IN THIS ISSUE

Bauma 2022 was held in Munich this year during October, and Power Systems Research sent a team of analysts to the show to meet with exhibitors and attendees to discuss industry changes and to study new products. Read their complete report. Also in this issue is the expanded Alternative Power sources report prepared by Guy Youngs.

  • Alternative Power
    • JCB Unveils Mobile Hydrogen Refueller
    • Massive Hydrogen Fuel Truck To Help Decarbonize Mining Industry
    • 50-Ton Battery-Powered Electric Crane Introduced
    • World Needs To Mine 25× More Lithium By 2050
    • US Increases EV Battery Recycling Capacity
    • Penn State Offers Smaller, Faster Charging Batteries
    • Liebherr Leads Bauma Innovation Award Winners
  • Miners Cut CO2 Emissions by Switching To EVs
  • DataPoint: Utility Vehicles
  • Global Report: Powersports Market Expected To Exceed US$ 50 Billion
  • North America: Hydrogen Fuel Cell Truck News
  • Brazil/South America:
    • Foton Aumark Shuts Down Operations in Brazil
    • São Paulo Partners with ENEL To Replace Diesel Buses To BEV
  • Randon Acquires US Trailer Maker Hercules
  • Show Report: Bauma-Munich 2022
  • Japan: Semiconductor Development Companies Set Up
  • South Korea: Korean Electric Motorcycle Maker Builds Factory in Vietnam
  • SE Asia: New Vehicle Sales Increase 33% in September
  • India: Cheering Festive Season for Auto Industry

PowerTALK™, October 2022

IN THIS ISSUE

Lorena Violante is the Senior Market Research Consultant for Power Systems Research. This month she interviewed Miguel Elizalde Lizárraga, the executive president of ANPACT (the National Association of Bus, Truck and Tractor Producers). She also provides a report on ExporTransporte 2022, the largest truck bus show in Latin America.

Also in this issue read these articles:

  • Alternative Power
    • Ideanomics Tests Quick Power 500 kW Charger
    • Hydrogen Combustion Engines Possible
    • Super-Fast Aqueous Rechargeable Zinc Battery
    • Miniature Hydrogen Fuel Cell Powers RC Truck
  • DataPoint: NA Skid Steer
  • Brazil/South America:
    • Record Sales of Agricultural Machines in Brazil
    • Scania, VW and Volvo Show Euro VI Lineup
    • GM Opens Third Shift Engine Production Plant
  • Show Report: Expotransporte 2022
  • China: Mercedes Produces Initial Heavy Trucks
  • Japan: Agri Week 2022 Report
  • South Korea: Hyundai and KT Invest in Autonomous Driving
  • Vietnam: Urban Railroads Delayed
  • India: Toyota Launches First Flex Fuel Hybrid

PowerTALK™, September 2022

South Korea is looking at its first trade deficit with China in 28 years, according to a report in the September issue of PowerTALK News, the monthly report of news and analysis from Power Systems Research. Also in this issue is a report from Guy Youngs on Alternative Power sources, as well as reports from two important industry shows: The Cannes Yachting Festival in France and the M&T Expo in Sao Paulo, Brazil.

IN THIS ISSUE
  • Alternative Power
    • Electric Battery Power Forecasts
    • Can EV Enthusiasm Trigger Global Growth?
    • Lithium Spot Prices Climb Nearly 900% Since January 2020
    • Cummins Jumps On New Energy Storage Iron Salt Formula
    • EV Shipping Set To Blow IC Engines Out of the Water
  • North America:
    • Navistar Introduces S13 Engine Platform
    • Outdoor Power Equipment Forecast To Grow 5.3%
  • DataPoint: NA Crawlers
  • Europe: Report from Cannes Yachting Festival 2022
  • Brazil/South America: Special Report: M&T Expo
  • China: Drought Forces Sichuan Power Cuts at Factories
  • Japan: Vinfast To Export Initial 5,000 EVs To Europe and the U.S.
  • Japan: Honda To Discontinue Two-Wheel Gasoline Vehicles
  • South Korea: South Korea Sees First Trade Deficit with China in 28 Years
  • India: Festive Demand Expected To Boost Auto Industry

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PowerTALK News

Stay informed each month with insights from Power Systems Research analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.

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